Appendix A
CLAIM PREPARATION - PRE-FORECLOSURE SALES
Pre-foreclosure sale claims can be filed in paper form or electronically via
Electronic Data Interchange (EDI) or the FHA Connection. For a Pre-foreclosure
Sale claim, both Parts A & B must be filed simultaneously.
If the mortgagee files a paper claim, the claim must be completed as described
below using HUD Form-27011, Single Family Application for Insurance
Benefits. In order to avoid delay in payment and to be considered received
within the time requirement, the claim must be complete and accurate and
contain all required information no matter which submission method is used.
In many instances, the instructions for conveyance claims apply equally in pre-
foreclosure sale cases. When this occurs, the conveyance instructions for that
item are repeated verbatim for convenience.
A. Instructions for Completing Form HUD-27011, Part A, Initial
Application
The following item-by-item instructions are to be used. The instructions
are presented with a view of the paper Form HUD-27011, but the user
should be able to interpret the instructions for FHAC or EDI filing.
PART A
INITIAL APPLICATION
Item 1 Claim Type
Mark the 07-PFS box.
Item 2 FHA Case Number
Enter the FHA Case Number as shown on the Mortgage
Insurance Certificate (MIC) or portfolio results screen.
Acceptable format is: XXX-XXXXXXX If the MIC or
portfolio results screen shows only six digits after the dash,
enter an "X" for the final digit.
Item 3 Section of the Act Code
Enter the ADP code for the Section of the National
Housing Act under which the mortgage was insured. This is
found on the MIC or portfolio results screen immediately
following the FHA Case number. Acceptable format is:
XXX.
Item 4 Default Reason Code (Same as Conveyance)
Enter the applicable code number from the default reasons
listed below. If code 15 is used, explain the reason under
“Mortgagee’s Comments.”
Appendix A
Default Reason Guidance For Usage: Use
Code Cause of Default selected code to indicate that. . .
01 Death of Principal Mortgagor The delinquency is attributable to
the death of the principal
mortgagor.
02 Illness of Principal Mortgagor The delinquency is attributable to a
prolonged illness that keeps the
principal mortgagor from working
and generating income.
03 Illness of Mortgagor's Family The delinquency is attributable to
Member the principal borrower having
incurred extraordinary expenses as
the result of the illness of a family
member (or having taken on the
sole responsibility for repayment of
the mortgage debt as the result of
the co-mortgagor’s illness).
04 Death of Mortgagor's Family The delinquency is attributable to
Member the principal borrower having
incurred extraordinary expenses as
the result of the death of a family
member (or having taken on the
sole responsibility for repayment of
the mortgage debt as the result of
the co-mortgagor’s death).
05 Marital Difficulties The delinquency is attributable to
problems associated with a
separation or divorce, such as a
dispute over ownership of the
property, a decision not to make
payments until the divorce
settlement is finalized, a reduction
in the income to repay the
mortgage debt, etc.
06 Curtailment of Income The delinquency is attributable to a
reduction in the mortgagor’s
income, such as a garnishment of
wages, a change to a lower paying
job, reduced commissions or
overtime pay, loss of a part-time
job, etc.
07 Excessive Obligations - Same The delinquency is attributable to
Income, Including Habitual the mortgagors(s) having incurred
Nonpayment of Debts excessive debts(either in a single
instance or as a matter of habit)
that prevent him or her from
making payments on both those
debts and the mortgage debt.
08 Abandonment of Property The delinquency is attributable to
the mortgagor(s) having
abandoned the property for
reason(s) that are not known by the
servicer (because the servicer has
not been able to locate the
mortgagor).
09 Distant Employment Transfer The delinquency is attributable to
the principal mortgagor being
transferred or relocated to a distant
job location and incurring additional
expenses for moving and housing
in the new location, which affects
his or her ability to pay both those
expenses and the mortgage debt.
Appendix A
Default Reason Guidance For Usage: Use
Code Cause of Default selected code to indicate that. . .
11 Property Problem The delinquency is attributable to
the condition of the improvements
of the property (substandard
construction, expensive and
extensive repairs needed, etc) that
defers funds that would have been
available for the mortgage
payment; mortgagor’s
dissatisfaction with the property or
neighborhood.
12 Inability to Sell Property Following an employment related
transfer.
13 Inability to Rent Property Delinquency is attributable to
mortgagor needing rental income
to make the mortgage payments
and having difficulty in finding a
tenant following an employment
related transfer.
14 Military Service The delinquency is attributable to
the principal mortgagor having
entered active duty status and his
or her military pay not being
sufficient to enable the continued
payment of the existing mortgage
debt.
15 Other Should be rarely used - additional
reason codes at the request of the
industry have been added;
indicates that the delinquency is
attributable to reasons that are not
otherwise included in the list.
16 Unemployment The delinquency is attributable to a
reduction in income resulting from
the principal mortgagor having lost
his or her job.
17 Business Failure The delinquency is attributable to a
self-employed principal mortgagor
having a reduction in income
and/or excessive obligations that
are the direct result of the failure of
his or her business to remain a
viable entity or, at least, to
generate sufficient profit that the
borrower can rely on to meet his or
her personal obligations.
19 Casualty Loss The delinquency is attributable to
the mortgagor having incurred a
sudden, unexpected property loss
as the result of an accident, fire,
storm, theft, earthquake, etc.
22 Energy-Environment Cost All other factors remained the
same, but sharp increase in utility
cost(s) deferred funds that would
have been available for the
mortgage payment or costs
associated with the removal of
environmental hazards in, or near
the property.
Appendix A
Default Reason Guidance For Usage: Use
Code Cause of Default selected code to indicate that. . .
23 Servicing Problems The delinquency is attributable to
the mortgagor being dissatisfied
with the way the mortgage servicer
is servicing the loan or with the
fact that the servicing of the loan
has been transferred to a new
mortgage servicer.
26 Payment Adjustment Delinquency began after either
increase in P&I for ARM mortgage
or after escrow analysis where one
or more escrow item increased,
including the spreading of the
amount needed to repay an
escrow shortage over the next
year.
27 Payment Dispute The delinquency is attributable to a
disagreement between the
mortgagor and the mortgage
servicer about the amount of the
mortgage payment, the
acceptance of a partial payment,
or the application of previous
payments that results in the
mortgagor's refusal to make the
payment(s) until the dispute is
resolved.
29 Transfer of Ownership Pending The delinquency is attributable to
the mortgagor having agreed to
sell the property and deciding not
to make any additional payments.
30 Fraud The delinquency is attributable to a
legal dispute arising out of a
fraudulent or illegal action that
occurred in connection with the
origination of the mortgage (or
later).
31 Unable to Contact Borrower Presently, an acceptable code for
30 and 60 day delinquencies
where contact with the mortgagor
has not yielded a response;
Should be used rarely for any 90
day or more delinquency.
Indicates that the reason for
delinquency cannot be ascertained
because the mortgagor cannot be
located or has not responded to
the servicer’s inquiries.
INC Incarceration The delinquency is attributable to
the principal mortgagor having
been jailed of imprisoned
(regardless or whether he or she is
still incarcerated).
Item 5 Endorsement Date
Enter the endorsement date that appears on the Mortgage
Insurance Certificate or obtain the date from the FHA
Connection.
Item 6 Date Form Prepared
Appendix A
Enter the date this form is prepared. To avoid debenture
interest curtailment, both Parts A & B must be accurate and
received within 30 days after the date of the pre-foreclosure
sale closing.
Item 7 Due Date of First Payment to Principal and Interest
Enter the date the first payment to Principal and Interest is
due. Obtain this date from the mortgage or mortgage note.
Item 8 Due Dates of Last Complete Installment Paid
Enter the date the last complete installment paid was due,
not the date it was paid. This item should be taken from the
payment ledger. If no payments have been made, enter the
same date that was entered in Item 7 (Due Date of the First
Payment to Principal and Interest). Note that the date in
this item will always be the first of the month.
Item 9 Date of Possession and Acquisition of Marketable Title
Enter the date the Approval to Participate was executed.
Item 10 Date Deed or Assignment Filed for Record or Date of
Closing or Appraisal
Enter the date of the pre-foreclosure sale closing.
Item 11 Date Foreclosure Proceedings (a) Instituted or (b) Date
of Deed In Lieu
If foreclosure proceedings were instituted, enter the date.
NOTE: If a deed-in-lieu is accepted or if a foreclosure was
completed, the claim must be filed as a conveyance.
If there are multiple foreclosure starts due to bankruptcy
interrupts, enter the institution date of the last foreclosure
action. Use Item 19 for an extension of time, if
appropriate.
Item 12 Holding Mortgagee Number (Payee)
Enter the complete 10-digit mortgagee number of the
holding mortgagee.
Note: The holding mortgaee number must agree with
the mortgagee number of the holder contained in
HUD's Single Family Insurance System (SFIS.) If this
number is different, the mortgagee must take corrective
action to resolve the discrepancy in HUD’s records.
Item 13 Servicing Mortgagee Number
Appendix A
Enter the complete 10-digit mortgagee number of the
servicing mortgagee.
Note: The servicing mortgagee number must agree with
the servicer number contained in HUD's Single Family
Insurance System (SFIS.) If this number is different,
the servicer must take corrective action to resolve the
discrepancy in HUD’s records.
Item 14 Mortgagee Reference Number
Enter the loan number (maximum 15 digits) used by the
mortgagee for identifying the case, if any. This number will
be included in the payment addendum for identification
purposes.
Item 15 Mortgage Amount
Enter the original or modified mortgage amount. This
figure should be taken from the mortgage note. If there has
been a modification of the mortgage, make a notation of the
modification on Part A under "Mortgagee's Comments" and
make reference to 24 CFR 203.342.
Item 16 Holding Mortgagee EIN
Not applicable
.
Item 17 Unpaid Loan Balance as of Date in Item 8
Enter the unpaid principal balance after crediting the last
complete monthly installment paid. This figure is taken
from the mortgagee's payment records. Partial payments,
insufficient to complete a full monthly installment are to
be reported in Part B, Item 109 as escrow funds.
Item 18 Date of Firm Commitment
Enter the date of the firm commitment. This date should be
taken from the firm commitment document, if available. If
the case was insured under the Direct Endorsement
Program or the commitment date is not available, this item
must be left blank. Direct endorsement mortgages may be
identified by the suffix code 700 through 799. Do not enter
a date here if this is a direct endorsement or a converted
coinsurance loan.
Item 19 Expiration Date of Extension to Foreclose/Assign
Enter the expiration date of the approved extension, if
applicable.
Item 20 Date of Notice/Extension to Convey
Enter date of approved extension to submit claim.
Appendix A
Item 21 Date of Release of Bankruptcy, If Applicable
Enter the date the bankruptcy stay or the local law
prohibition was released.
Note: When there is more than one bankruptcy, and
the mortgagee is entitled to a 90-day extension to begin
foreclosure, enter the bankruptcy release date to which
the extension applies.
Item 22 Is Property Vacant?
Indicate the occupancy status as of the date in Item 9.
Item 23 If item 22 is No, Date of local HUD Office Approval.
Not applicable
Item 24 Is Property Conveyed Damaged?
Not applicable
Item 25 If Item 24 is Yes, Date of:
Not applicable.
Item 26 Type of Damage
Not applicable.
Item 27 Recovery or Estimate of Damage
Not applicable.
Item 28 Is Mortgagee Successful Bidder?
Not applicable.
Item 29 Deficiency Judgment Code
Not applicable.
Item 30 Authorized Bid Amount
Enter the Fair Market Value of the Appraisal as prepared
by an appraiser on the FHA roster.
Item 31 Mortgagee Reported Curtailment Date
Not applicable
Item 32 Schedule of Tax Information
Not applicable.
Item 33 Mortgagor’s Name, Social Security Number and
Property Address
Enter the name of the mortgagor in default as it appears on
the ledger record.
Appendix A
Enter the property address as it appears on the security
instrument or the mortgage insurance certificate.
Enter the social security numbers of all mortgagors, if
known. At least one social security number is required.
Item 34 Brief Legal Description of Property
Enter a brief description of the property. This information
is found on the mortgage.
Item 35 Name and Address of Mortgagee
Enter the name and address of the mortgagee, including the
ZIP code.
Item 36 Names and Address of Mortgagee’s Servicer
Enter the name and address of the mortgagee's servicer,
including the ZIP code, if applicable. Include the name and
telephone number of a contact person who can answer
questions about the claim.
Items 37 Mortgagee Official Signature, Date and Title
Claims submitted via either the FHA Connection or
EDI constitute certification that the statements and
information contained on the claim are true and
correct.
Paper Claims- The claim must be signed and dated by an
official of the holding mortgagee if the holding mortgagee
is filing the claim. If a servicer is filing the claim on behalf
of the mortgagee, an official of the servicer must sign and
date the form. The application must be complete when
signed and the signing official must enter the actual date
signed. The application will be returned if it is not signed
or if it contains a stamped, illegible or duplicated signature.
Item 38 Servicer Signature, Date and Title
Claims submitted via either the FHA Connection or
EDI constitute certification that the statements and
information contained on the claim are true and
correct.
Note to signing official: Please be sure you have read and
understand the certifications on the Form HUD-27011
before signing and dating. If your system prints the date in
Items 37 and 38, check to ensure this is the date you are
signing the form. Also check the submission date in item 6
to ensure it does not reflect an earlier date. The date in
item 6 should be the same date as item 37 or item 38.
Item 39 Amount of Monthly Payment to:
Not applicable.
Appendix A
Item 40 If Bankruptcy Filed, Enter Date Filed
Enter the date of the last filing of the last bankruptcy
action. This is required if Item 21 is completed.
Item 41 If Conveyed/Assigned Damaged, Date Damage
Occurred
Not applicable.
Item 42 Date HIP Canceled or Refused, if Applicable
Not applicable.
Item 43 Number of Living Units
Not applicable.
Item 44 Status of Living Units
Not applicable.
Item 45 Modified Interest Rate
Enter the interest rate from the modified mortgage, if
applicable.
Item 46 New Maturity Date
Enter the maturity date from the modified mortgage, if
applicable.
Item 47 Interest Rate (Prior to Modification)
Enter the interest rate from the note prior to modification, if
applicable.
Mortgagee's Comments, If Any
Use this area to justify unusual circumstances as well as other information
required by the instructions.
HUD's Comments, if any
HUD USE ONLY.
B. Instructions for Completing Form HUD-27011, Part B, Fiscal Data
The following item-by-item instructions are to be used when completing
HUD Form 27011, Part B, for Pre-foreclosure sales cases. Prepare this
Part after Parts C, D and E have been completed. The information entered
in this part is transferred from those parts.
PART B
Appendix A
FISCAL DATA
Item 100 Mortgagor’s Name and Property Address
Enter the mortgagor's name and property address as they
appear in Item 33 of Part A.
Item 101 FHA Case Number
Enter the FHA Case Number as it appears in Item 2 of Part
A.
Item 102 Section of Act Code
Enter the Section of the Act Code as it appears in Item 3 of
Part A.
Item 103 Mortgagee’s Reference Number
Enter the mortgagee's Reference Number as it appears in
Item 14 of Part A.
Item 104 Date Form Prepared
Enter the date Parts A and B are prepared.
Item 105 Expiration Date to Submit Title Evidence, if Applicable
Not applicable.
Item 106 Check if Supplemental
Not applicable.
Item 107 Adjustment to Loan Balance (if different from Item 17,
on Part A)
Not applicable.
Item 108 Sale/Bid Price or Appraisal Value (for Coinsurance or
Nonconveyances)
Enter the amount of the net proceeds received from the
Closing Agent. This is usually listed on line 504 of the
HUD-1 as “payoff of the first mortgage loan”. It is the
amount received by the mortgagee to apply against the
mortgage balance.
Item 109 Escrow Balance (as of Date in Item 10, Part A)
Enter amount remaining in escrow account as of the date of
the pre-foreclosure sale closing. Also include any funds
received by the mortgagee on mortgage which have not
been applied to reduce the indebtedness, e.g., partial
payments, hazard insurance refunds, buy down monies,
funds held in escrow for on-site repairs (pursuant to Form
HUD-92300, Assurance of Completion Agreement.) Do
not include rents received; they are entered below in
Item 115.
Appendix A
DO NOT SEND ESCROW FUNDS TO HUD. (CONFIRM
IF THE ESCROW BALANCE WAS INCLUDED IN THE
FUNDS RETAINED TO SATISFY THE MORTGAGE.)
See Item 123 for unapplied Section 235 assistance
payments.
Payment of expenses for which funds are escrowed shall be
charged to the escrow account in full or in part until the
escrow account balance equals zero. Do not record
expenses paid from available escrow funds on Part D.
DO NOT ENTER A NEGATIVE BALANCE.
Advances by the mortgagee for expense payments normally
charged to the escrow account and still outstanding shall be
recorded under Part D, Items 305 or 311, as appropriate.
When the first occurrence of an expense results in a
negative balance to escrow, enter the amount of the
shortfall and any other approved expenses in Item 305 or
311, whichever is appropriate.
Interest on advances shall be computed from the date of
disbursement to the date the claim is mailed. If there were
any advances from escrow prior to the date of default,
interest is calculated from the date of default.
Illustration of Mortgagee Advances:
Date Date Paid Interest Principal Escrow Escrow
Due Balance
Balance Forward ………. ………… $151.60
1/01/03 2/03/03 $73.32 $21.07 $70.69 222.29
8/03/03 198.98- 23.31
12/11/03 $51.19- (27.88)1
Item 110 Total Disbursements for Protection and Preservation
(from Line 264, Part C)
Enter the total amounts appearing in Part C, Item 264.
1
First amount to be entered on Part D, Item 305 or 311, as applicable. Interest should be calculated only on
$27.88, not $51.19
Appendix A
Item 111 Total Disbursements (from Line 305, Part D)
Enter the total amounts appearing in Part D, Item 305.
Item 112 Attorney/Trustee Fees Paid (from Line 306, Part D)
Enter the total amounts appearing in Part D, Item 306.
Item 113 Foreclosure, Acquisition, Conveyance, and Other Costs
(from Line 307, Part D)
Enter the total amounts appearing in Part D, Item 307.
Item 114 Bankruptcy Fee (if applicable) (from Line 310, Part D)
Enter the amounts of bankruptcy fees appearing in Part D,
Item 310.
Item 115 Rental Income
Enter any income from the rent of the property between the
date of default and the date of the Pre-foreclosure Sale
closing.
Item 116 Rental Expense
Enter rental expenses incurred, if any. If there is no entry
in Item 115, make no entry in this item.
Item 117 Total Taxes on Deed (from Line 308, Part D)
Not applicable.
Item 118 Recovery or Damage (if not reported on Part A.) (Use
Line 119 if Reported on Part A)
Not applicable.
Item 119 Estimate or Recovery From Part A
Not applicable.
Item 120 Special Assessments (DO NOT USE FOR
COINSURANCE) (from Line 309, Part D)
Enter the total amounts appearing in Part D, Item 309.
Item 121 Mortgage Note Interest
Mortgage note interest will be included in the insurance
benefits if a mortgagor fails to meet the requirements of a
special forbearance agreement and the failure continues for
at least 60 calendar days.
From
Appendix A
Enter the due date of the last completely paid installment
after all funds received under the agreement are applied
according to the terms of the mortgage (same as Item 8,
Part A.) If no mortgage payments were made, enter a date
one month prior to the due date of the first scheduled
payment (same as Item 7, Part A.)
To
Enter the earliest of the following dates:
1. The date of sales closing (same as Item 10,
Part A).
2. Ninety (90) calendar days following the date
the mortgagor fails to meet the requirements
of the forbearance agreement.
3. The date the mortgagee accepts the
mortgagor as a participant in the Pre-
foreclosure Sale Program as documented in
the HUD 90045, Approval to Participate
(same as Item 9, Part A).
Rate
Enter the mortgage interest rate as it appears on the
mortgage note. Show fractions in decimals to three places.
Computation Method
To obtain the amount of accrued mortgage interest due,
multiply the Daily Interest Rate Factor by the amount of the
unpaid principal balance. The Daily Interest Rate Factor is
provided in Appendix 8 of HUD Handbook 4330.4. This
result is then multiplied by the number of days from the
due date of the last completely paid installment to the date
selected as the "ending date" (the “To” date as defined
above.) To assist in determining the number of days, refer
to the Julian Date Calendars provided in Appendix 9 of
HUD Handbook 4330.4.
Item 122 Mortgage Insurance Premiums
Enter total from Item 311, Part D.
Item 123 Unapplied Section 235 Assistance Payments
Enter unapplied assistance payments in Column A, if
applicable.
Item 124 Overpaid Section 235 Assistance Payment
Enter the amount of any funds advanced by the mortgagee
to repay HUD for assistance to which the mortgagor was
not entitled and which was not recovered from the
mortgagor, unless the overpayment was the result of error
on the part of the mortgagee. Amount is to be entered in
Appendix A
Column B. Do not calculate debenture interest for
Column C.
Item 125 Overhead Cost (From Line 405, Part E)
Not applicable.
Item 126 Uncollected Interest (Approved Forbearance
Agreements Only)
Not applicable.
Item 127 Amount Due from Buyer at Closing or at Appraisal
Notice Date (from Line 406, Part E)
Not applicable.
Item 128 Amount Owed to Buyer at Closing or at Appraisal
Notice Date (from Line 407, Part E)
Not applicable.
Item 129 Additional Closing Costs (from Line 408, Part E)
Enter the "Total" from Line 408, Part E.
NOTE: Do not calculate debenture interest on the
administrative fee. Mortgagees are not entitled to
debenture interest on this item.
Item 130 Appraisal Fee (from Line 409, Part E)
Enter the “Total” from Line 409, Part E in column B. Use
Column C to claim debenture interest from the date of
expenditure to date in Item 6, Part A.
Item 131 Deficiency Judgment Costs/Fees (from Line 410, Part E)
Not Applicable
Item 132 Reserved
Item 133 Contact Name and Telephone Number: Holding
Mortgagee or Contact Name and Telephone Number:
Servicing Mortgagee
Enter the name and telephone number of a person in the
holding or servicing mortgagee's office who can answer
questions concerning the information reported on this claim
form. Include the Holding Mortgagee number that was
entered in Item 12 of Part A.
Item 134
through Enter the totals of Columns A - Deductions; B - Additions;
Item 136 and C - Interest.
Appendix A
Item 137 Net Claim Amount (Columns B – A + C)
For EDI and paper claim submissions, calculate and enter
the “net claim” amount. For FHAC submissions, leave
blank. The net claim amount calculated by the mortgagee
will differ from the actual amount HUD will pay due to
possible interest curtailment, disallowed expenses, and
additional debenture interest calculated to the date of claim
settlement.
Item 138 Mortgagee Official Signature, Date and Title
and/or
Item 139 Servicer Signature, Date and Title
Enter a signature and title with the date signed in at least
one of these blocks if a paper claim. Claims submitted via
either EDI or FHAC constitute certification that the
statements and information contained in the claim are true
and correct.
Instructions for Completing Form HUD-27011, Part C, Support
Documentation. Mortgagee should not submit Part C, Support
Documentation, to HUD. Documentation must be retained in the
claim file.
There should be no entry in Part C unless inspections, preservation or
protection costs were incurred before the mortgagee delayed or postponed
the foreclosure sale.
Any debenture interest calculated on such expenses should run from the
date of expenditure or default, if later, to the date of the Pre-foreclosure
Sale closing.
Instructions for Completing Form HUD-27011, Part D, Support
Documentation (Continuation 1). Mortgagees should not submit
Part D, Support Documentation (Continuation 1), to HUD.
Documentation must be retained in the claim file
The following item-by-item instructions are to be used when completing
Form HUD-27011, Part D, for pre-foreclosure sale claims. The general
instructions for the preparation of Part D in conveyance claims are
applicable in pre-foreclosure sale cases except that the property is not
conveyed to the Secretary.
Expenditures may be entered on Part D as they occur. However,
debenture interest calculations should not be made until the date of claim
submission because interest allowance will be computed from the date of
Appendix A
expenditure or default if later, to the date of the pre-foreclosure sale
closing.
Date Paid
A separate entry must be made for each payment. Enter the date
the funds were disbursed. If an expenditure or advance was made
prior to the date of default, enter the date of default and enter the
actual date paid in parentheses following the description.
Description of Service Performed
Enter a description of the items or types of services performed.
Additional space is provided on the reverse of the paper form.
Amount Paid
Actual payment amounts are to be entered. This information will
be transferred to Part B, Fiscal Data.
Debenture Interest
To obtain the amount of interest due on an expenditure, multiply
the daily interest rate factor by the amount paid. Multiply this
result by the number of days from the date in the “Date Paid”
column for each line item to the date of closing of the pre-
foreclosure sale (Item 10, Part A.) Daily Interest Rate Factor
tables are provided in HUD Handbook 4330.4 Appendix 8 to assist
in converting the debenture interest rates. In addition, Julian date
calendars are provided in Appendix 9 of the Handbook to assist in
determining the number of days from the date the expenditure was
paid to the date of the Pre-foreclosure Sale closing or the
curtailment date.
Total the "Amount Paid" and "Debenture Interest" columns.
PART D
SUPPORT DOCUMENT (Continuation 1)
Item 300 FHA Case Number
Enter the case number as it appears in Item 2 of Part A.
Item 301 Section of Act Code
Enter the Section of the Act Code as it appears in Item 3 of
Part A.
Item 302 Mortgagee’s Reference Number
Enter the mortgagee's reference number as it appears in
Item 14 of Part A.
Item 303 Debenture Interest Rate
The Debenture Interest Rate Table is provided on the WEB
at www.hud.gov/offices/hsg/comp/debnrate.cfm. For
Appendix A
mortgages endorsed for FHA Insurance prior to
January 24, 2004, determine the rate at the date of firm
commitment and the rate at the date of endorsement, and
then enter the higher rate. In Direct Endorsement cases,
enter the rate in effect on the date of endorsement.
For mortgages endorsed for FHA insurance after
January 23, 2004, enter the debenture rate in effect at the
time of the mortgage default, not the rate in effect at the
time of mortgage origination.
Item 304 Date
If all actions taken by the mortgagee are within the time
requirements or the extensions allowed in this Mortgagee
Letter, enter the date entered in Part B, Item 104 If the
mortgagee failed to comply with a time requirement
(including actions reported in Part A) or its approved
extension, enter the date the action should have been taken.
If there was more than one failure, enter the earliest date on
which a required action should have been taken.
Item 305 Disbursements for HIP, Taxes, Ground Rents and
Water Rates (which were liens prior to mortgage),
Eviction Costs, and Other Disbursements Not Shown
Elsewhere. (Do not include penalties for late payment.)
Only costs incurred between the dates in Items 8 and 10
of Part A are allowed.
Itemize all disbursements in these categories including for
each item the date paid, the period covered, the
description, and the amount paid. Do not include any
penalties for late payment. Enter the costs of title search
and other fees related to the pre-foreclosure sale. Do not
include disbursements that were paid from available escrow
funds or deducted from sale proceeds on the HUD-1. No
expense should be incurred after the date of sale closing,
except with HUD approval, which must be fully
documented in the Claim file. See explanation for escrow
account, Part B, Item 109.
Item 306 Attorney/Trustee Fee
Itemize the fees paid to attorneys in connection with the
initiation of foreclosure action, if any. Do not enter fees for
bankruptcy or eviction. HUD WILL CALCULATE THE
67% OR 75% ALLOWANCE (24 CFR 203.402.) For
loans endorsed prior to February 1, 1998, the
reimbursement will be at two-thirds of the costs.
Appendix A
Item 307 Foreclosures and/or Acquisition Conveyance and Other
Costs
Enter all disbursements required to vest title to the property
in the name of the purchaser. If additional space is needed,
attach a separate sheet to Part D. HUD WILL
CALCULATE THE 67% OR 75% ALLOWANCE FOR
EXPENSES AND INTEREST (24 CFR 203.402.) For
loans endorsed prior to February 1, 1998, the
reimbursement will be at two-thirds of the costs.
Item 308 Taxes on Deed
Not applicable.
Item 309 Special Assessments (Do not use for Coinsurance, see
Part E)
For each item in this category, enter the date the lien was
attached or would be attached. Do not include any special
assessments that became liens before the mortgage was
endorsed for insurance, if not noted in the application for
insurance. Enter disbursements made, to the extent not
deducted from Sales Proceeds on the HUD-1, for the
release or satisfaction of junior liens.
Item 310 Bankruptcy
Itemize the bankruptcy fees paid. There must be an entry
in Item 40. HUD WILL CALCULATE THE 67% OR 75%
ALLOWANCE FOR EXPENSES AND INTEREST (24
CFR 203.402.) For loans endorsed prior to February 1,
1998, the reimbursement will be at two-thirds of the
bankruptcy fees.
Item 311 Mortgage Insurance Premiums
Itemize all MIP disbursements, including the period
covered. Include only the "advanced" MIP disbursements
paid after the due date of the last completely paid
installment to the date of closing.
Instructions for Completing Form HUD-27011, Part E Support
Document (Continuation 2)
Part E is to be completed for a pre-foreclosure sale claim only to claim the
$1,000 administrative fee for each successful pre-foreclosure sale and, if
paid by the mortgagee, the actual cost incurred for the appraisal.
PART E
SUPPORT DOCUMENT (Continuation 2)
Item 400 FHA Case Number
Enter the case number as it appears in Item 2 of Part A.
Appendix A
Item 401 Section of Act Code
Enter the Section of the Act Code as it appears in Item 3 of
Part A.
Item 402 Mortgagee’s Reference Number
Enter the mortgagee's reference number as it appears in
Item 14 of Part A.
Item 403 Debenture Interest Rate
Not applicable.
Item 404 Date
Enter the date entered in Item 104, Part B.
Item 405 Overhead Costs
Not applicable.
Item 406 Amounts Due from Buyer at Closing or at Appraisal
Notice Date for:
Not applicable.
Item 407 Amounts Owed to Buyer at Closing or at Appraisal
Notice Date for:
Not applicable.
Item 408 Additional Closing Costs
Enter the $1000 administrative fee payable to the
mortgagee for facilitating a successful pre-foreclosure sale.
(Carry over to Part B, Item 129.)
Item 409 Appraisal Fee
Enter the cost of the appraisal/property valuation performed
to determine the eligibility of the mortgagor to participate
in the Pre-foreclosure Sale Program, if paid for by the
mortgagee. (Carry over to Part B, Item 130.)
Item 410 Deficiency Judgment Costs/Fees
Not applicable.
Item 411 Reserved
Item 412 Reserved